Shree Cement’s `2,500-crore Guntur plant in Andhra Pradesh was commissioned on Tuesday, six months ahead of the schedule, increasing the firm’s total manufacturing capacity to 56.4 million tonne per annum (MTPA). The plant is expected to generate a total of 2,000 jobs.
The new plant, Shree Cement’s sixth production facility in the country and second in the Southern region after Kodla in Karnataka, has production capacity of 3 MTPA, the company said in a statement.
The facility is designed to utilise 30% alternate fuel and raw materials such as municipal waste and biomass. Further, about 75% of the total power requirement is met through in-house waste heat recovery plant of 12 MW and solar power plant of 21.5 MW.
The firm has a target of 80 MTPA capacity by 2028, by when 13 more plants will be operational. Of this, five are scheduled to be commissioned in FY25. Shree Cement had increased capacity by 9.5 MTPA in FY24 through three new green field plants, with an investment of over 7,000 crore.
Shree Cement has cement manufacturing facilities across India and UAE.